Oyo Begins Reconstruction Of Yinka Ayefele’s Music House

Oyo Begins Reconstruction Of Yinka Ayefele’s Music House

Oyo State Government has begun the reconstruction of Yinka Ayefele’s Music House, which is partly demolished on August 19, 2018.

The reconstruction followed a peace meeting between Ayefele and the Oyo State Governor, Abiola Ajimobi, a few days after the agents of the government destroyed the house for not meeting town planning requirements.

A report by Television Continental has it that construction workers are already on site.

They are said to have a December deadline for the completion of the work.

The Head of News, Fresh FM, Samson Akindele, was quoted as having said: “A lot has happened since the demolition in August.

“We’ve had a lull in the activities going on here.

“Just about two weeks ago, after all the meetings and agreements, the ministry of works in Oyo state through the office of the permanent secretary and the commissioner came in to start fulfilling the promise the governor made that indeed the partial demolition was an activity done in error,” Akindele said.

He also confirmed that the Radio station will be ready before December to host its annual Christmas events.

Ajimobi had during the 90th birthday celebration of the Olubadan of Ibadanland, Oba Saliu Adetunji, pledged to reconstruct the partially demolished building and also provide necessary logistics.

“I want to say that the imbroglio between the state government and Yinka Ayefele over the demolition of his Music House has been resolved. And I pledge the government’s commitment to assist him,” Ajimobi said.

The demolition attracted a lot of media outcry and the condemnation from the masses.

While Radio station alleged that the demolition was politically motivated, the state government said the building was demolished because the staff canteen, a spiral staircase, the mast and the fence were not in the approved plan.

Kwara State Election Materials Found In Abuja, Result Sheets Meant For Lagos Found In Kwara

Malam Atahiru Madami, the Kwara State Resident Electoral Commissioner (REC), has said that both Presidential and Senatorial election result sheets meant for the state were found in the Federal Capital Territory (FCT) of Abuja.

Madami said this on the sideline of the distribution of sensitive materials to each of the 16 local government areas in Kwara state at the Central Bank of Nigeria (CBN), Ilorin on Wednesday.

“The result sheets for presidential and senatorial elections are with the FCT INEC. It was a mix-up and they will send it to us this evening”.

He added that the result sheet meant for Lagos state senatorial election also found its way to Kwara state.

Madami stated that the mix-up was of the reasons the elections were postponed on Feb 16.

He said with the postponement of the election, such situation would not repeat itself again, adding that preparations were on to ensure hitch free elections on Saturday.

He called on the electorate to come out en-masse and vote the candidates of their choice on Saturday

He promised to deliver a free and fair election.

He stated that the card readers for Kwara state have been reconfigured 100 per cent.

The News Agency of Nigeria(NAN) reports that INEC in the early hours of Feb.16 postponed the election slated for the same day, on account of logistics challenges.

INEC chairman Professor Mahmood Yakubu said: “Following the careful review and implementation of its logistic and operational plan and the determination to conduct free, fair and credible election, the commission came to the conclusion that proceeding with the elections as scheduled is no longer feasible.” (NAN)

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Transcorp Sets Record Performance With Profit After Tax Of N20.6bn

Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s leading diversified listed conglomerate, has announced its audited results for the year ended 31st December 2018, with a 94% growth in Profit After Tax (PAT) of ₦20.6bn in 2018 compared to ₦10.6bn in the prior year.

The Group recorded an unparalleled improvement within the year as turnover grew by 30% to ₦104.2bn. Profit Before Tax (PBT) increased to ₦22.4bn from ₦12.3bn in 2017, depicting an 82% year on year growth.

“We’re proud to have ended the year on a high-note while sustaining a strong performance, which is a reflection of our sound business strategy,” said Valentine Ozigbo, Transcorp’s President and Chief Executive Officer, who took over at Transcorp in January 2019. “We will continuously strive to deliver significant value to our stakeholders while achieving our long-term goals,” he said.

He further stressed that “This result was achieved due to the increased revenue from the power and hospitality segments of the group. In addition, we were able to cut down on our loss from Forex arising from financing activities by 30% year-on-year as we experienced a relatively stable exchange rate during the fiscal year-ended 2018, this no doubt impacted our Profit before tax as it soared 82% year-on-year.”

Mr. Ozigbo added ”Transcorp Power Ltd has continued to explore opportunities created by the eligible customer framework initiated by the Federal Government. We are at an advanced stage of negotiations with a number of eligible customers, which will translate into transactions in the months ahead. Our hospitality subsidiary, Transcorp Hotels Plc, also maintained its history of profitability in 2018, displaying the impact of our recent US$100m upgrade at the Transcorp Hilton Abuja and the immense value placed on the hotel’s best-in-class hospitality services.”

Reflecting on the results, the Chairman of Transcorp, Mr. Tony O. Elumelu, CON, stated, “We remain committed to our purpose of improving lives and transforming Nigeria by powering our industries and businesses while providing our local and international guests with unrivalled hospitality services. This is our way of creating sustainable value for all our stakeholders.”

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The hands of the law have finally caught up with a group of robbers after the operative of Rapid Response Squad (RRS), a unit of Lagos State Police Command arrested the syndicate believed to have been terrorizing College Road, Fagba, and Abattoir areas of the state.

As for this group of boys, their diversity in terms of language and ethnicity was never a barrier as they were united in forming a gang with the sole interest of robbing Lagosians of their valuables.

The robbers were arrested on Valentine’s day at around 9:00 p.m at College Road, Ifako – Ijaiye area of Lagos, after the gang had robbed more than five passers by of their valuables brandishing knives and other harmful objects.

All the suspects said they came from different parts of the country but reside in Abattoir, Agege, Lagos.

The suspects had on Thursday, robbed one Agafe Augustine after he alighted from a taxi at College Road, Ifako Ijaiye. Amongst the items collected from him by the gang were; an android phone, N14,000 and a handbag.

According to Agafe, “I allowed them to rob me because they were many and were holding dangerous objects but I trailed them to an open place before raising alarm. This drew the attention of some RRS officers on patrol in the area and they arrested some of them”.

He added “ they equally robbed some other victims amongst whom were a lady in company of her boyfriend. They dispossessed them of their phones and stabbed her boyfriend who refused to let go of his mobile phone after parting with his wallet”.

In his confessional statement to the crime , one of the suspects said they specialise in robbing passersby at night collecting their mobile phones, bags, jewelry and wallets.

Investigation by the police revealed that one of the suspects, Timileyin Oladipupo popularly known as ‘Timi Yahoo’, specialised in working on SIM cards of the stolen phones to determine which ones are internet banking enabled to facilitate the gang access to transfering money from victims’ accounts.

The suspect disclosed “I have worked on so many SIM cards given to me by Lekan and other groups in Agege Abbatior and what I do is to further increase our gain from the robbery by transfering victim’s money from their bank accounts after using some softwares to determine how much are lodged inside their accounts and we also share the proceeds”.

The Lagos State Commissioner of Police Mu’azu Zubairu who ordered the arrest of all the gang members, added that they be transferred to SARS for a thorough investigation.

He noted that the gang be charged to court as soon as investigations are completed.